This property looks like a bad Mid-Term investment with a projected -8.26% first-year return on $127k initial cash invested.
-8.26%
Cash On Cash
5%
Cap Rate
0.75
DSCR
$4,050
Rent
-$874
Cashflow
Cash Flow
$4,050 income − $4,924 expenses = $874 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,187
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,050
Total Expenses
$4,924
Mortgage P&I
71%
$2,875
Property Taxes
11%
$448
Home Insurance
5%
$184
HOA
1%
$39
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446